List of bank failures in the United States (2008–present)

Last updated

On average, between 1980 and 1994, a US bank failed every three days. The pace of bankruptcies peaked immediately after the 2008 financial crisis. [1] The 2007–2008 financial crisis led to many bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. [2] In contrast, in the five years prior to 2008, only 10 banks failed. [2] [3] At the end of 2022, the US banking industry had a total of about $620 billion in unrealized losses as a result of investments weakened by rising interest rates. [4]

Contents

A bank failure is the closing of a bank by a federal or state banking regulatory agency. The FDIC is named as receiver for a bank's assets when its capital levels are too low, or it cannot meet obligations the next day. [3] [5] After a bank's assets are placed into receivership, the FDIC acts in two capacities—first, it pays insurance to the depositors, up to the deposit insurance limit, for assets not sold to another bank. Second, as the receiver of the failed bank, it assumes the task of selling and collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit. The FDIC insures up to $250,000 per depositor, per insured bank, as a result of the Emergency Economic Stabilization Act of 2008, which raised the limit from $100,000. [6]

The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of the banks's assets to JPMorgan Chase, which planned to write down the value of Washington Mutual's loans at least $31 billion. [7] [8]

2008

Twenty-five (twenty-six including the Utah-based wholly owned subsidiary of Washington Mutual, which was covered under the same FDIC closure notice as its parent company) [9] banks failed in 2008 [2]

BankCityStateDateAcquired byAssets
 ($mil.)
1Douglass National Bank Kansas City Missouri January 25, 2008Liberty Bank and Trust58.5
2Hume Bank Hume MissouriMarch 7, 2008Security Bank18.7
3 Bear Stearns New York City New York March 16, 2008 J.P. Morgan Chase 395,000
4ANB Financial N.A. Bentonville Arkansas May 9, 2008Pulaski Bank and Trust Company2,100
5First Integrity Bank, N.A. Staples Minnesota May 30, 2008First International Bank and Trust54.7
6 IndyMac Pasadena California July 11, 2008 OneWest Bank, FSB32,000
7First National Bank of Nevada Reno Nevada July 25, 2008 Mutual of Omaha Bank 3,400
8First Heritage Bank, N.A. Newport Beach CaliforniaJuly 25, 2008Mutual of Omaha Bank254
9First Priority Bank Bradenton Florida August 1, 2008 SunTrust Banks 259
10The Columbian Bank and Trust Company Topeka Kansas August 22, 2008Citizens Bank and Trust752
11Integrity Bank Alpharetta Georgia August 29, 2008Regions Bank1,100
12 Silver State Bank Henderson NevadaSeptember 5, 2008 Nevada State Bank 2,000
13Ameribank Northfork West Virginia September 19, 2008The Citizens Savings Bank
Pioneer Community Bank
113
14 Washington Mutual Bank Seattle Washington September 25, 2008 JPMorgan Chase & Co 307,000
15Main Street Bank Northville Michigan October 10, 2008Monroe Bank and Trust98
16Meridian Bank Eldred Illinois October 10, 2008National Bank39.2
17Alpha Bank & Trust Alpharetta GeorgiaOctober 24, 2008Stearns Bank, N.A.354.1
18Freedom BankBradentonFloridaOctober 31, 2008Fifth Third Bank287
19Franklin Bank Houston Texas November 7, 2008Prosperity Bank5,100
20Security Pacific Bank Los Angeles CaliforniaNovember 7, 2008 Pacific Western Bank 561.1
21The Community Bank Loganville GeorgiaNovember 21, 2008Bank of Essex681.0
22Downey Savings and Loan Newport Beach CaliforniaNovember 21, 2008U.S. Bank, N.A.12,800
23PFF Bank and Trust Pomona CaliforniaNovember 21, 2008U.S. Bank, N.A.3,700
24First Georgia Community Bank Jackson GeorgiaDecember 5, 2008United Bank237.5
25Haven Trust Bank Duluth GeorgiaDecember 12, 2008Branch Banking and Trust Company (BB&T)572
26Sanderson State Bank Sanderson TexasDecember 12, 2008The Pecos County State Bank37

2009

One hundred forty banks failed in 2009 [2]

BankCityStateDateAcquired byAssets
 ($mil.)
1National Bank of Commerce Berkeley Illinois January 16, 2009Republic Bank of Chicago430.9
2Bank of Clark County Vancouver Washington January 16, 2009Umpqua Bank446.5
31st Centennial Bank Redlands California January 23, 2009First California Bank803.3
4MagnetBank Salt Lake City Utah January 30, 2009None (insured depositors paid directly)292.9
5Suburban FSB Crofton Maryland January 30, 2009Bank of Essex360
6Ocala National Bank Ocala Florida January 30, 2009CenterState Bank of Florida, N.A.223.5
7FirstBank Financial Service McDonough Georgia February 6, 2009Regions Bank337
8Alliance Bank Culver City CaliforniaFebruary 6, 2009California Bank and Trust1,140
9County Bank Merced CaliforniaFebruary 6, 2009Westamerica Bank1,700
10Sherman County Bank Loup City Nebraska February 13, 2009Heritage Bank129.8
11Riverside Bank of the Gulf Coast Cape Coral FloridaFebruary 13, 2009TIB Bank539
12Corn Belt Bank & Trust Co. Pittsfield IllinoisFebruary 13, 2009The Carlinville National Bank271.8
13Pinnacle Bank of Oregon Beaverton Oregon February 13, 2009Washington Trust Bank of Spokane73
14Silver Falls Bank Silverton OregonFebruary 20, 2009Citizens Bank131.4
15Heritage Community Bank Glenwood IllinoisFebruary 27, 2009MB Financial Bank, N.A.232.9
16Security Savings Bank Henderson Nevada February 27, 2009Bank of Nevada238.3
17Freedom Bank of Georgia Commerce GeorgiaMarch 6, 2009Northeast Georgia Bank173
18FirstCity Bank Stockbridge GeorgiaMarch 20, 2009None (insured depositors paid directly)297
19Colorado National Bank Colorado Springs Colorado March 20, 2009Herring Bank123.9
20TeamBank, N.A. Paola Kansas March 20, 2009Great Southern Bank669.8
21Omni National Bank Atlanta GeorgiaMarch 27, 2009SunTrust Bank956.0
22 Cape Fear Bank Wilmington North Carolina April 10, 2009First Federal Savings and Loan Association492
23New Frontier Bank Greeley ColoradoApril 10, 2009None (Wound down by FDIC as receiver)2,000
24 American Sterling Bank Sugar Creek Missouri April 17, 2009Metcalf Bank181
25Great Basin Bank of Nevada Elko NevadaApril 17, 2009Nevada State Bank271
26 American Southern Bank Kennesaw GeorgiaApril 24, 2009Bank of North Georgia112.3
27Michigan Heritage Bank Farmington Hills Michigan April 24, 2009Level One Bank184.6
28First Bank of Beverly Hills Calabasas CaliforniaApril 24, 2009None (insured depositors paid directly)1,500
29First Bank of Idaho Ketchum Idaho April 24, 2009U.S. Bank, N.A.488.9
30Silverton Bank, N.A.AtlantaGeorgiaMay 1, 2009None (insured depositors paid directly)4,100
31Citizens Community Bank Ridgewood New Jersey May 1, 2009North Jersey Community Bank45.1
32America West Bank Layton UtahMay 1, 2009Cache Valley Bank299.4
33Westsound Bank Bremerton WashingtonMay 8, 2009Kitsap Bank334.6
34 BankUnited FSB Coral Gables FloridaMay 21, 2009BankUnited12,800
35Strategic Capital Bank Champaign IllinoisMay 22, 2009Midland States Bank537
36Citizens National Bank Macomb IllinoisMay 22, 2009Morton Community Bank437
37Bank of Lincolnwood Lincolnwood IllinoisJune 5, 2009Republic Bank of Chicago214
38Southern Community Bank Fayetteville GeorgiaJune 19, 2009United Community Bank377
39Cooperative BankWilmingtonNorth CarolinaJune 19, 2009First Bank970
40First National Bank of Anthony Anthony KansasJune 19, 2009Bank of Kansas156.9
41Community Bank of West Georgia Villa Rica GeorgiaJune 26, 2009None (insured depositors paid directly)199.4
42Neighborhood Community Bank Newnan GeorgiaJune 26, 2009Charterbank221.6
43Horizon Bank Pine City Minnesota June 26, 2009Stearns Bank, N.A.87.6
44MetroPacific Bank Irvine CaliforniaJune 26, 2009Sunwest Bank80
45Mirae Bank Los Angeles CaliforniaJune 26, 2009Wilshire State Bank456
46First National Bank of Danville Danville IllinoisJuly 2, 2009First Financial Bank, N.A.166
47Rock River Bank Oregon IllinoisJuly 2, 2009The Harvard State Bank77
48John Warner Bank Clinton IllinoisJuly 2, 2009State Bank of Lincoln70
49First State Bank of Winchester Winchester IllinoisJuly 2, 2009The First National Bank of Beardstown36
50Elizabeth State Bank Elizabeth IllinoisJuly 2, 2009Galena State Bank and Trust Company56
51Millennium State Bank of Texas Dallas Texas July 2, 2009State Bank of Texas118
52Founders Bank Worth IllinoisJuly 2, 2009The PrivateBank and Trust Company963
53Bank of Wyoming Thermopolis Wyoming July 10, 2009Central Bank and Trust70
54Temecula Valley Bank Temecula CaliforniaJuly 17, 2009First-Citizens Bank and Trust Company1,500
55Vineyard Bank Rancho Cucamonga CaliforniaJuly 17, 2009California Bank and Trust1,900
56BankFirst Sioux Falls South Dakota July 17, 2009Alerus Financial, N.A.275
57First Piedmont Bank Winder GeorgiaJuly 17, 2009First American Bank and Trust Company115
58Security Bank of Bibb County Macon GeorgiaJuly 24, 2009State Bank and Trust Company1,200
59Security Bank of North Metro Woodstock GeorgiaJuly 24, 2009State Bank and Trust Company224
60Security Bank of North Fulton Alpharetta GeorgiaJuly 24, 2009State Bank and Trust Company209
61Security Bank of Gwinnett County Suwanee GeorgiaJuly 24, 2009State Bank and Trust Company322
62Security Bank of Jones County Gray GeorgiaJuly 24, 2009State Bank and Trust Company453
63Security Bank of Houston County Perry GeorgiaJuly 24, 2009State Bank and Trust Company383
64Waterford Village Bank Williamsville New York July 24, 2009Evans Bank, N.A.61
65Integrity Bank Jupiter FloridaJuly 31, 2009Stonegate Bank119
66First State Bank of Altus Altus Oklahoma July 31, 2009Herring Bank103
67First BankAmericano Elizabeth New JerseyJuly 31, 2009Crown Bank166
68Peoples Community Bank West Chester OhioJuly 31, 2009First Financial Bank, N.A.706
69Mutual Bank Harvey IllinoisJuly 31, 2009United Central Bank1,600
70First State Bank Sarasota FloridaAugust 7, 2009Stearns Bank, N.A.463
71Community National Bank of Sarasota County Venice FloridaAugust 7, 2009Stearns Bank, N.A.97
72Community First Bank Prineville OregonAugust 7, 2009Home Federal Bank209
73Union Bank, N.A. Gilbert Arizona August 14, 2009MidFirst Bank124
74Dwelling House Savings and Loan Association Pittsburgh Pennsylvania August 14, 2009PNC Bank, N.A.13
75 Colonial Bank Montgomery Alabama August 14, 2009Branch Banking and Trust (BB&T)25,000
76Community Bank of Arizona Phoenix ArizonaAugust 14, 2009MidFirst Bank156
77Community Bank of Nevada Las Vegas NevadaAugust 14, 2009None (insured depositors paid directly)159
78First Coweta Bank Newnan GeorgiaAugust 21, 2009United Bank167
79 Guaranty Bank Austin TexasAugust 21, 2009BBVA Compass13,000
80CapitalSouth Bank Birmingham AlabamaAugust 21, 2009IBERIABANK617
81ebankAtlantaGeorgiaAugust 21, 2009Stearns Bank, N.A.143
82Bradford Bank Baltimore MarylandAugust 28, 2009Manufacturers & Traders Trust Company452
83Mainstreet Bank Forest Lake MinnesotaAugust 28, 2009Central Bank459
84Affinity Bank Ventura CaliforniaAugust 28, 2009Pacific Western Bank1,000
85First Bank of Kansas City Kansas City MissouriSeptember 4, 2009Great American Bank16
86InBank Oak Forest IllinoisSeptember 4, 2009MB Financial Bank, N.A.212
87Vantus Bank Sioux City Iowa September 4, 2009Great Southern Bank458
88Platinum Community Bank Rolling Meadows IllinoisSeptember 4, 2009None (insured depositors paid directly)346
89First State Bank Flagstaff ArizonaSeptember 4, 2009Sunwest Bank105
90 Corus Bank Chicago IllinoisSeptember 11, 2009MB Financial Bank, N.A.7,000
91Brickwell Community Bank Woodbury MinnesotaSeptember 11, 2009CorTrust Bank, N.A.72
92Venture Bank Lacey WashingtonSeptember 11, 2009First-Citizens Bank and Trust Company970
93Irwin Union Bank and Trust Company Columbus Indiana September 18, 2009First Financial Bank, N.A.2,700
94Irwin Union Bank, F.S.B. Louisville Kentucky September 18, 2009First Financial Bank, N.A.493
95Georgian BankAtlantaGeorgiaSeptember 25, 2009First Citizens Bank and Trust Company2,000
96Warren Bank Warren MichiganOctober 2, 2009The Huntington National Bank538
97Jennings State Bank Spring Grove MinnesotaOctober 2, 2009Central Bank56
98South Colorado National Bank Pueblo ColoradoOctober 2, 2009Legacy Bank40
99San Joaquin Bank Bakersfield CaliforniaOctober 16, 2009Citizens Business Bank775
100Partners Bank Naples FloridaOctober 23, 2009Stonegate Bank66
101American United Bank Lawrenceville GeorgiaOctober 23, 2009Ameris Bank111
102Hillcrest Bank FloridaNaplesFloridaOctober 23, 2009Hillcrest Bank, N.A.83
103Flagship National Bank Bradenton FloridaOctober 23, 2009First Federal Bank of Florida190
104Bank of Elmwood Racine Wisconsin October 23, 2009Tri City National Bank327
105Riverview Community Bank Otsego MinnesotaOctober 23, 2009Central Bank108
106First DuPage Bank of Westmont Westmont IllinoisOctober 23, 2009First Midwest Bank279
107 Community Bank of Lemont Lemont IllinoisOctober 30, 2009U.S. Bank, N.A.82
108 Bank USA, N.A. PhoenixArizonaOctober 30, 2009U.S. Bank, N.A.213
109 California National Bank Los AngelesCaliforniaOctober 30, 2009U.S. Bank, N.A.7,800
110 San Diego National Bank San Diego CaliforniaOctober 30, 2009U.S. Bank, N.A.3,600
111 Pacific National Bank San Francisco CaliforniaOctober 30, 2009U.S. Bank, N.A.2,300
112 Park National Bank ChicagoIllinoisOctober 30, 2009U.S. Bank, N.A.4,700
113 Citizens National Bank Teague TexasOctober 30, 2009U.S. Bank, N.A.118
114 Madisonville State Bank Madisonville TexasOctober 30, 2009U.S. Bank, N.A.257
115 North Houston Bank Houston TexasOctober 30, 2009U.S. Bank, N.A.326
116United Security Bank Sparta GeorgiaNovember 6, 2009Ameris Bank157
117Home Federal Savings Bank Detroit MichiganNovember 6, 2009Liberty Bank and Trust Company15
118Prosperan Bank Oakdale MinnesotaNovember 6, 2009Alerus Financial, N.A.200
119Gateway Bank of St. Louis St. Louis MissouriNovember 6, 2009Central Bank of Kansas City28
120 United Commercial Bank San FranciscoCaliforniaNovember 6, 2009East West Bank11,200
121Century Bank, F.S.B. Sarasota FloridaNovember 13, 2009IBERIABANK728
122Orion BankNaplesFloridaNovember 13, 2009IBERIABANK2,700
123Pacific Coast National Bank San Clemente CaliforniaNovember 13, 2009Sunwest Bank134
124Commerce Bank of Southwest Florida Fort Myers FloridaNovember 20, 2009Central Bank80
125The Buckhead Community BankAtlantaGeorgiaDecember 4, 2009State Bank and Trust874
126First Security National Bank Norcross GeorgiaDecember 4, 2009State Bank and Trust128
127The Tattnall Bank Reidsville GeorgiaDecember 4, 2009Heritage Bank of the South50
128 AmTrust Bank Cleveland OhioDecember 4, 2009New York Community Bank12,000
129Benchmark Bank Aurora IllinoisDecember 4, 2009MB Financial Bank, N.A.170
130 Greater Atlantic Bank Reston Virginia December 4, 2009Sonabank203
131Republic Federal Bank, N.A. Miami FloridaDecember 11, 20091st United Bank433
132Valley Capital Bank, N.A. Mesa ArizonaDecember 11, 2009Enterprise Bank and Trust40
133SolutionsBank Overland Park KansasDecember 11, 2009Arvest Bank511
134RockBridge Commercial BankAtlantaGeorgiaDecember 18, 2009None (insured depositors paid directly)294
135Peoples First Community Bank Panama City FloridaDecember 18, 2009Hancock Bank1,800
136Citizens State Bank New Baltimore MichiganDecember 18, 2009None (insured depositors paid directly)169
137New South Federal Savings Bank Irondale AlabamaDecember 18, 2009Beal Bank1,500
138Independent Bankers' Bank Springfield IllinoisDecember 18, 2009The Independent Bankers Bank586
139Imperial Capital Bank La Jolla CaliforniaDecember 18, 2009City National Bank4,000
140 First Federal Bank of California, F.S.B. Santa Monica CaliforniaDecember 18, 2009OneWest Bank, FSB6,100

2010

One hundred fifty-seven banks failed in 2010 [2]

BankCityStateDateAcquired byAssets
 ($mil.)
1Horizon BankBellinghamWashingtonJanuary 8, 2010Washington Federal Savings and Loan Association1,300
2Town Community Bank & TrustAntiochIllinoisJanuary 15, 2010First American Bank70
3St. Stephen State BankSt. StephenMinnesotaJanuary 15, 2010First State Bank of St. Joseph25
4Barnes Banking CompanyKaysvilleUtahJanuary 15, 2010None (insured depositors paid directly)828
5Premier American BankMiamiFloridaJanuary 22, 2010Premier American Bank, N.A.351
6Bank of LeetonLeetonMissouriJanuary 22, 2010Sunflower Bank, N.A.20
7Charter BankSanta FeNew MexicoJanuary 22, 2010Charter Bank1,200
8Evergreen BankSeattleWashingtonJanuary 22, 2010Umpqua Bank489
9Columbia River BankThe DallesOregonJanuary 22, 2010Columbia State Bank1,100
10First National Bank of GeorgiaCarrolltonGeorgiaJanuary 29, 2010 Community and Southern Bank 833
11Florida Community BankImmokaleeFloridaJanuary 29, 2010Premier American Bank, N.A.876
12Marshall Bank, N.A.HallockMinnesotaJanuary 29, 2010United Valley Bank60
13Community Bank and TrustCorneliaGeorgiaJanuary 29, 2010SCBT, N.A.1,210
14First Regional BankLos AngelesCaliforniaJanuary 29, 2010First-Citizens Bank and Trust Company2,180
15American Marine BankBainbridge IslandWashingtonJanuary 29, 2010Columbia State Bank373
161st American State Bank of MinnesotaHancockMinnesotaFebruary 5, 2010Community Development Bank, FSB18
17La Jolla BankLa JollaCaliforniaFebruary 19, 2010OneWest Bank, FSB3,600
18George Washington Savings BankOrland ParkIllinoisFebruary 19, 2010FirstMerit Bank, N.A.413
19The La Coste National BankLa CosteTexasFebruary 19, 2010Community National Bank54
20Marco Community BankMarco IslandFloridaFebruary 19, 2010Mutual of Omaha Bank120
21Carson River Community BankCarson CityNevadaFebruary 26, 2010Heritage Bank of Nevada51
22Rainier Pacific BankTacomaWashingtonFebruary 26, 2010Umpqua Bank718
23Centennial BankOgdenUtahMarch 5, 2010None (insured depositors paid directly)215
24Waterfield BankGermantownMarylandMarch 5, 2010None (insured depositors paid directly)156
25Bank of IllinoisNormalIllinoisMarch 5, 2010Heartland Bank and Trust Company212
26Sun American BankBoca RatonFloridaMarch 5, 2010First-Citizens Bank and Trust Company536
27LibertyPointe BankNew YorkNew YorkMarch 12, 2010Valley National Bank210
28The Park Avenue BankNew YorkNew YorkMarch 12, 2010Valley National Bank520
29Statewide BankCovingtonLouisianaMarch 12, 2010Home Bank243
30Old Southern BankOrlandoFloridaMarch 12, 2010Centennial Bank316
31American National BankParmaOhioMarch 19, 2010The National Bank and Trust Company70
32 Advanta Bank Corp DraperUtahMarch 19, 2010None (insured depositors paid directly)1,600
33Century Security BankDuluthGeorgiaMarch 19, 2010Bank of Upson97
34Bank of HiawasseeHiawasseeGeorgiaMarch 19, 2010Citizens South Bank378
35Appalachian Community BankEllijayGeorgiaMarch 19, 2010Community and Southern Bank1,010
36First Lowndes BankLuverneAlabamaMarch 19, 2010First Citizens Bank137
37State Bank of AuroraAuroraMinnesotaMarch 19, 2010Northern State Bank28
38Desert Hills BankPhoenixArizonaMarch 26, 2010New York Community Bank497
39Unity National BankCartersvilleGeorgiaMarch 26, 2010 Bank of the Ozarks 292
40Key West BankKey WestFloridaMarch 26, 2010Centennial Bank88
41McIntosh Commercial BankCarrolltonGeorgiaMarch 26, 2010Hamilton State Bank363
42Beach First National BankMyrtle BeachSouth CarolinaApril 9, 2010 Bank of North Carolina 585
43City BankLynnwoodWashingtonApril 16, 2010Whidbey Island Bank1,130
44Tamalpais BankSan RafaelCaliforniaApril 16, 2010Union Bank, N.A.629
45Innovative BankOaklandCaliforniaApril 16, 2010Center Bank269
46Butler BankLowellMassachusettsApril 16, 2010People's United Bank268
47Riverside National Bank of FloridaFort PierceFloridaApril 16, 2010 TD Bank, N.A.3,420
48AmericanFirst BankClermontFloridaApril 16, 2010TD Bank, N.A.91
49First Federal Bank of North FloridaPalatkaFloridaApril 16, 2010TD Bank, N.A.393
50Lakeside Community BankSterling HeightsMichiganApril 16, 2010None (insured depositors paid directly)53
51 Amcore Bank RockfordIllinoisApril 23, 2010Harris, N.A.3,400
52 Broadway Bank ChicagoIllinoisApril 23, 2010MB Financial, N.A.1,200
53Citizens Bank and Trust Company of ChicagoChicagoIllinoisApril 23, 2010Republic Bank of Chicago77
54Lincoln Park Saving BankChicagoIllinoisApril 23, 2010Northbrook Bank and Trust Company200
55New Century BankChicagoIllinoisApril 23, 2010MB Financial, N.A.486
56Peotone Bank and Trust CompanyPeotoneIllinoisApril 23, 2010First Midwest Bank130
57Wheatland BankNapervilleIllinoisApril 23, 2010Wheaton Bank and Trust437
58BC National BanksButlerMissouriApril 30, 2010Community First Bank67
59CF BancorpPort HuronMichiganApril 30, 2010First Michigan Bank1,650
60Champion BankCreve CoeurMissouriApril 30, 2010BankLiberty187
61EurobankSan JuanPuerto RicoApril 30, 2010Orient Bank and Trust2,560
62 Frontier Bank EverettWashingtonApril 30, 2010 Union Bank [10] 3,500
63 R-G Premier Bank of Puerto RicoHato ReyPuerto RicoApril 30, 2010Scotiabank de Puerto Rico5,920
64 Westernbank Puerto RicoMayaguezPuerto RicoApril 30, 2010Banco Popular de Puerto Rico11,940
651st Pacific Bank of CaliforniaSan DiegoCaliforniaMay 7, 2010City National Bank336
66Towne Bank of ArizonaMesaArizonaMay 7, 2010Commerce Bank of Arizona120
67Access BankChamplinMinnesotaMay 7, 2010PrinsBank32
68The Bank of BonifayBonifayFloridaMay 7, 2010First Federal Bank of Florida243
69Midwest Bank and Trust CompanyElmwood ParkIllinoisMay 14, 2010FirstMerit Bank, N.A.3,170
70New Liberty BankPlymouthMichiganMay 14, 2010Bank of Ann Arbor109
71Satilla Community BankSt. MarysGeorgiaMay 14, 2010Ameris Bank136
72Southwest Community BankSpringfieldMissouriMay 14, 2010Simmons First National Bank97
73Pinehurst BankSt. PaulMinnesotaMay 21, 2010Coulee Bank61
74Bank of Florida-SoutheastFort LauderdaleFloridaMay 28, 2010EverBank595
75Bank of Florida-SouthwestNaplesFloridaMay 28, 2010EverBank641
76Bank of Florida-Tampa BayTampaFloridaMay 28, 2010EverBank245
77Sun West BankLas VegasNevadaMay 28, 2010City National Bank361
78Granite Community BankGranite BayCaliforniaMay 28, 2010 Tri Counties Bank 103
79TierOne BankLincolnNebraskaJune 4, 2010Great Western Bank2,800
80First National BankRosedaleMississippiJune 4, 2010The Jefferson Bank60
81Arcola Homestead Savings BankArcolaIllinoisJune 4, 2010None (insured depositors paid directly)17
82Washington First International BankSeattleWashingtonJune 11, 2010East West Bank521
83Nevada Security BankRenoNevadaJune 18, 2010Umpqua Bank480
84Peninsula BankEnglewoodFloridaJune 25, 2010Premier American Bank, N.A.644
85First National BankSavannahGeorgiaJune 25, 2010The Savannah Bank253
86High Desert State BankAlbuquerqueNew MexicoJune 25, 2010First American Bank81
87Bay National BankBaltimoreMarylandJuly 9, 2010Bay Bank, FSB282
88Ideal Federal Savings BankBaltimoreMarylandJuly 9, 2010None (insured depositors paid directly)6
89USA BankPort ChesterNew YorkJuly 9, 2010New Century Bank190
90Home National BankBlackwellOklahomaJuly 9, 2010RCB Bank561
91Woodlands BankBlufftonSouth CarolinaJuly 16, 2010Bank of the Ozarks376
92First National Bank of the SouthSpartanburgSouth CarolinaJuly 16, 2010NAFH National Bank682
93Mainstreet Savings BankHastingsMichiganJuly 16, 2010Commercial Bank97
94Metro Bank of Dade CountyMiamiFloridaJuly 16, 2010NAFH National Bank442
95Turnberry BankAventuraFloridaJuly 16, 2010NAFH National Bank264
96Olde Cypress Community BankClewistonFloridaJuly 16, 2010CenterState Bank of Florida169
97Community Security BankNew PragueMinnesotaJuly 23, 2010Roundbank108
98Crescent Bank and Trust CoJasperGeorgiaJuly 23, 2010Renasant Bank1,000
99Sterling BankLantanaFloridaJuly 23, 2010IBERIABANK408
100Williamsburg First National BankKingstreeSouth CarolinaJuly 23, 2010First Citizens Bank and Trust Company139
101Thunder BankSylvan GroveKansasJuly 23, 2010The Bennington State Bank33
102SouthwestUSA BankLas VegasNevadaJuly 23, 2010Plaza Bank214
103Home Valley BankCave JunctionOregonJuly 23, 2010South Valley Bank and Trust252
104Bayside Savings BankPort Saint JoeFloridaJuly 30, 2010Centennial Bank66
105Coastal Community BankPanama CityFloridaJuly 30, 2010Centennial Bank373
106NorthWest Bank and TrustAcworthGeorgiaJuly 30, 2010State Bank and Trust Company168
107The Cowlitz BankLongviewWashingtonJuly 30, 2010Heritage Bank529
108LibertyBankEugeneOregonJuly 30, 2010Home Federal Bank768
109Ravenswood BankChicagoIllinoisAugust 6, 2010Northbrook Bank and Trust Company265
110Palos Bank and TrustPalos HeightsIllinoisAugust 13, 2010First Midwest Bank493
111ShoreBankChicagoIllinoisAugust 20, 2010Urban Partnership Bank2,160
112Community National Bank at BartowBartowFloridaAugust 20, 2010CenterState Bank of Florida68
113Independent National BankOcalaFloridaAugust 20, 2010CenterState Bank of Florida156
114Imperial Savings & LoanMartinsvilleVirginiaAugust 20, 2010River Community Bank, N.A.9
115Butte Community BankChicoCaliforniaAugust 20, 2010Rabobank, N.A.499
116Pacific State BankStocktonCaliforniaAugust 20, 2010Rabobank, N.A.312
117Los Padres BankSolvangCaliforniaAugust 20, 2010 Pacific Western Bank 870
118Sonoma Valley BankSonomaCaliforniaAugust 20, 2010Westamerica Bank337
119Horizon BankBradentonFloridaSeptember 10, 2010Bank of the Ozarks188
120Bank of EllijayEllijayGeorgiaSeptember 17, 2010Community and Southern Bank169
121First Commerce Community BankDouglasvilleGeorgiaSeptember 17, 2010Community and Southern Bank248
122Peoples BankWinderGeorgiaSeptember 17, 2010Community and Southern Bank447
123ISN BankCherry HillNew JerseySeptember 17, 2010Customers Bank82
124Bramble Savings BankMilfordOhioSeptember 17, 2010Foundation Bank48
125Maritime Savings BankWest AllisWisconsinSeptember 17, 2010North Shore Bank, FSB351
126Haven Trust Bank FloridaPonte Vedra BeachFloridaSeptember 24, 2010First Southern Bank149
127North County BankArlingtonWashingtonSeptember 24, 2010Whidbey Island Bank289
128Wakulla BankCrawfordvilleFloridaOctober 1, 2010Centennial Bank424
129Shoreline BankShorelineWashingtonOctober 1, 2010GBC International Bank104
130Security Savings Bank, FSBOlatheKansasOctober 15, 2010Simmons First National Bank508
131WestBridge Bank and Trust CompanyChesterfieldMissouriOctober 15, 2010Midland State Bank92
132Premier BankJefferson CityMissouriOctober 15, 2010Providence Bank1,200
133Hillcrest BankOverland ParkKansasOctober 22, 2010Hillcrest Bank, N.A.1,600
134First Bank of JacksonvilleJacksonvilleFloridaOctober 22, 2010Ameris Bank81
135Progress Bank of FloridaTampaFloridaOctober 22, 2010Bay Cities Bank111
136First National Bank of BarnesvilleBarnesvilleGeorgiaOctober 22, 2010United Bank131
137Gordon BankGordonGeorgiaOctober 22, 2010Morris Bank29
138First Suburban National BankMaywoodIllinoisOctober 22, 2010Seaway Bank and Trust Company149
139First Arizona SavingsScottsdaleArizonaOctober 22, 2010None (insured depositors paid directly)272
140K BankRandallstownMarylandNovember 5, 2010Manufacturers and Traders Trust Company538
141Western Commercial BankWoodland HillsCaliforniaNovember 5, 2010First California Bank99
142First Vietnamese American BankWestminsterCaliforniaNovember 5, 2010Grandpoint Bank48
143Pierce Commercial BankTacomaWashingtonNovember 5, 2010Heritage Bank221
144Tifton Banking CompanyTiftonGeorgiaNovember 12, 2010Ameris Bank144
145Darby Bank & TrustVidaliaGeorgiaNovember 12, 2010Ameris Bank655
146Copper Star BankScottsdaleArizonaNovember 12, 2010Stearns Bank, N.A.204
147Gulf State Community BankCarrabelleFloridaNovember 19, 2010Centennial Bank112
148Allegiance Bank of North AmericaBala CynwydPennsylvaniaNovember 19, 2010 VIST Bank 106
149First Banking CenterBurlingtonWisconsinNovember 19, 2010First Michigan Bank821
150Paramount BankFarmington HillsMichiganDecember 10, 2010Level One Bank253
151Earthstar BankSouthamptonPennsylvaniaDecember 10, 2010Polonia Bank113
152Chestatee State BankDawsonvilleGeorgiaDecember 17, 2010Bank of the Ozarks244
153First Southern BankBatesvilleArkansasDecember 17, 2010Southern Bank156
154Community National BankLino LakesMinnesotaDecember 17, 2010Farmers & Merchants Savings Bank29
155United Americas BankAtlantaGeorgiaDecember 17, 2010State Bank and Trust Company194
156Appalachian Community BankMcCaysvilleGeorgiaDecember 17, 2010Peoples Bank of East Tennessee68
157The Bank of Miami, N.A.Coral GablesFloridaDecember 17, 20101st United Bank448

2011

Ninety-two banks failed in 2011 [2]

BankCityStateDateAcquired byAssets
 ($mil.)
1First Commercial Bank of FloridaOrlandoFloridaJanuary 7, 2011First Southern Bank599
2Legacy BankScottsdaleArizonaJanuary 7, 2011Enterprise Bank and Trust151
3Oglethorpe BankBrunswickGeorgiaJanuary 14, 2011Bank of the Ozarks231
4Enterprise Banking CompanyMcDonoughGeorgiaJanuary 21, 2011None (insured depositors paid directly)96
5CommunitySouth Bank and TrustEasleySouth CarolinaJanuary 21, 2011CertusBank, N.A.402
6Bank of AshevilleAshevilleNorth CarolinaJanuary 21, 2011First Bank188
7United Western BankDenverColoradoJanuary 21, 2011First-Citizens Bank and Trust Company1,650
8FirsTier BankLouisvilleColoradoJanuary 28, 2011None (insured depositors paid directly)782
9First Community BankTaosNew MexicoJanuary 28, 2011U.S. Bank, N.A.2,300
10First State BankCamargoOklahomaJanuary 28, 2011Bank 744
11Evergreen State BankStoughtonWisconsinJanuary 28, 2011McFarland State Bank247
12American Trust BankRoswellGeorgiaFebruary 4, 2011Renasant Bank238
13North Georgia BankWatkinsvilleGeorgiaFebruary 4, 2011BankSouth153
14Community First BankChicagoIllinoisFebruary 4, 2011Northbrook Bank and Trust51
15Peoples State BankHamtramckMichiganFebruary 11, 2011First Michigan Bank391
16Canyon National BankPalm SpringsCaliforniaFebruary 11, 2011Pacific Premier Bank211
17Sunshine State Community BankPort OrangeFloridaFebruary 11, 2011Premier American Bank, N.A.126
18Badger State BankCassvilleWisconsinFebruary 11, 2011Royal Bank84
19Habersham BankClarkesvilleGeorgiaFebruary 18, 2011SCBT, N.A.387
20Citizens Bank of EffinghamSpringfieldGeorgiaFebruary 18, 2011Heritage Bank of the South214
21Charter Oak BankNapaCaliforniaFebruary 18, 2011Bank of Marin121
22San Luis Trust Bank, FSBSan Luis ObispoCaliforniaFebruary 18, 2011First California Bank333
23Valley Community BankSt. CharlesIllinoisFebruary 25, 2011First State Bank123
24First National Bank of DavisDavisOklahomaMarch 11, 2011The Pauls Valley National Bank90
25Legacy BankMilwaukeeWisconsinMarch 11, 2011Seaway Bank and Trust Company190
26Bank of CommerceWood DaleIllinoisMarch 25, 2011Advantage National Bank Group163
27Western Springs National Bank and TrustWestern SpringsIllinoisApril 11, 2011Heartland Bank and Trust Company186
28Nevada Commerce BankLas VegasNevadaApril 11, 2011City National Bank144
29Bartow County BankCartersvilleGeorgiaApril 15, 2011Hamilton State Bank330
30New Horizons BankEast EllijayGeorgiaApril 15, 2011Citizens South Bank110
31Nexity BankBirminghamAlabamaApril 15, 2011AloStar Bank of Commerce793
32 Superior Bank BirminghamAlabamaApril 15, 2011Superior Bank, N.A.3,000
33Rosemount National BankRosemountMinnesotaApril 15, 2011Central Bank37
34Heritage Banking GroupCarthageMississippiApril 15, 2011 TrustMark National Bank 224
35Community Central BankMount ClemensMichiganApril 29, 2011 Talmer Bank and Trust 476
36Park Avenue BankValdostaGeorgiaApril 29, 2011Bank of the Ozarks953
37First Choice Community BankDallasGeorgiaApril 29, 2011Bank of the Ozarks309
38Cortez Community BankBrooksvilleFloridaApril 29, 2011Florida Community Bank71
39First National Bank of Central FloridaWinter ParkFloridaApril 29, 2011Florida Community Bank352
40Coastal BankCocoa BeachFloridaMay 6, 2011Florida Community Bank129
41Atlantic Southern BankMaconGeorgiaMay 20, 2011CertusBank, N.A.742
42First Georgia Banking CompanyFranklinGeorgiaMay 20, 2011CertusBank, N.A.731
43Summit BankBurlingtonWashingtonMay 20, 2011Columbia State Bank143
44First Heritage BankSnohomishWashingtonMay 27, 2011Columbia State Bank174
45Atlantic Bank and TrustCharlestonSouth CarolinaJune 3, 2011First Citizens Bank and Trust Company208
46McIntosh State BankJacksonGeorgiaJune 17, 2011Hamilton Bank339.9
47First Commercial Bank of Tampa BayTampaFloridaJune 17, 2011Stonegate Bank98.6
48Mountain Heritage BankClaytonGeorgiaJune 24, 2011First American Bank and Trust Company103.7
49First Chicago Bank & TrustChicagoIllinoisJuly 8, 2011Northbrook Bank and Trust Company959.3
50Colorado Capital BankCastle RockColoradoJuly 8, 2011First-Citizens Bank and Trust Company717.5
51Signature BankWindsorColoradoJuly 8, 2011Points West Community Bank66.7
52One Georgia BankAtlantaGeorgiaJuly 15, 2011Ameris Bank186.3
53High Trust BankStockbridgeGeorgiaJuly 15, 2011Ameris Bank192.5
54First Peoples BankPort St. LucieFloridaJuly 15, 2011Premier American Bank, N.A.228.3
55Summit BankPrescottArizonaJuly 15, 2011The Foothills Bank72.0
56Southshore Community BankApollo BeachFloridaJuly 22, 2011American Momentum Bank46.3
57LandMark Bank of FloridaSarasotaFloridaJuly 22, 2011American Momentum Bank275.0
58Bank of ChoiceGreeleyColoradoJuly 22, 2011Bank Midwest, N.A.1,070
59Virginia Business BankRichmondVirginiaJuly 29, 2011Xenith Bank95.8
60BankMeridian, N.A.ColumbiaSouth CarolinaJuly 29, 2011SCBT, N.A.239.8
61 Integra Bank, N.A.EvansvilleIndianaJuly 29, 2011Old National Bank2,200
62Bank of ShorewoodShorewoodIllinoisAugust 5, 2011Heartland Bank and Trust Company110.7
63Bank of WhitmanColfaxWashingtonAugust 5, 2011Columbia State Bank548.6
64The First National Bank of OlatheOlatheKansasAugust 12, 2011Enterprise Bank and Trust538.1
65Public Savings BankHuntingdon ValleyPennsylvaniaAugust 18, 2011Capital Bank, N.A.46.8
66Lydian Private BankPalm BeachFloridaAugust 19, 2011Sabadell United Bank, N.A.1,700
67First Southern National BankStatesboroGeorgiaAugust 19, 2011Heritage Bank of the South164.6
68First Choice BankGenevaIllinoisAugust 19, 2011Inland Bank and Trust141
69Patriot Bank of GeorgiaCummingGeorgiaSeptember 2, 2011Georgia Commerce Bank150.8
70CreekSide BankWoodstockGeorgiaSeptember 2, 2011Georgia Community Bank102.3
71First National Bank of FloridaMiltonFloridaSeptember 9, 2011Charter Bank296.8
72Bank of the CommonwealthNorfolkVirginiaSeptember 23, 2011Southern Bank and Trust Company985.1
73Citizens Bank of Northern CaliforniaNevada CityCaliforniaSeptember 23, 2011Tri Counties Bank288.8
74First International BankPlanoTexasSeptember 30, 2011American First National Bank239.9
75The RiverBankWyomingMinnesotaOctober 7, 2011Central Bank417.4
76Sun Security BankEllingtonMissouriOctober 7, 2011Great Southern Bank355.9
77Piedmont Community BankGrayGeorgiaOctober 14, 2011State Bank and Trust Company201.7
78Blue Ridge Savings BankAshevilleNorth CarolinaOctober 14, 2011 Bank of North Carolina 161
79First State BankCranfordNew JerseyOctober 14, 2011Northfield Bank (Staten Island, NY)204.4
80Country BankAledoIllinoisOctober 14, 2011Blackhawk Bank & Trust190.6
81Old Harbor BankClearwaterFloridaOctober 21, 20111st United Bank215.9
82Decatur First BankDecaturGeorgiaOctober 21, 2011Fidelity Bank191.5
83Community Capital BankJonesboroGeorgiaOctober 21, 2011State Bank and Trust Company181.2
84Community Banks of ColoradoGreenwood VillageColoradoOctober 21, 2011Bank Midwest, N.A.1,380
85All American BankDes PlainesIllinoisOctober 28, 2011International Bank of Chicago37.8
86Mid City Bank, Inc.OmahaNebraskaNovember 4, 2011Premier Bank106.1
87SunFirst BankSaint GeorgeUtahNovember 4, 2011Cache Valley Bank376.2
88Community Bank of RockmartRockmartGeorgiaNovember 10, 2011Century Bank of Georgia62.4
89Polk County BankJohnstonIowaNovember 18, 2011Grinnell State Bank91.6
90Central Progressive BankLacombeLouisianaNovember 18, 2011First NBC Bank383.1
91Premier Community Bank of the Emerald CoastCrestviewFloridaDecember 16, 2011Summit Bank126.0
92Western National BankPhoenixArizonaDecember 16, 2011Washington Federal162.9

2012

Fifty-one banks failed in 2012 [2]

BankCityStateDateAcquired byAssets
 ($mil.)
1Central Florida State BankBelleviewFloridaJanuary 20, 2012CenterState Bank of Florida79.1
2The First State BankStockbridgeGeorgiaJanuary 20, 2012Hamilton State Bank536.9
3American Eagle Savings BankBoothwynPennsylvaniaJanuary 20, 2012Capital Bank, N.A.19.6
4First Guaranty Bank and Trust Company of JacksonvilleJacksonvilleFloridaJanuary 27, 2012CenterState Bank of Florida377.9
5Tennessee Commerce BankFranklinTennesseeJanuary 27, 2012 Republic Bank & Trust Company 1,185
6Patriot Bank MinnesotaForest LakeMinnesotaJanuary 27, 2012First Resource Bank111.3
7BankEastKnoxvilleTennesseeJanuary 27, 2012U.S. Bancorp272.6
8Charter National Bank and TrustHoffman EstatesIllinoisFebruary 10, 2012Barrington Bank & Trust Company, N.A.93.9
9SCB BankShelbyvilleIndianaFebruary 10, 2012First Merchants Bank, N.A.182.6
10Central Bank of GeorgiaEllavilleGeorgiaFebruary 24, 2012Ameris Bank278.9
11Home Savings of AmericaLittle FallsMinnesotaFebruary 24, 2012None (Closed permanently by the FDIC)434.1
12Global Commerce BankDoravilleGeorgiaMarch 2, 2012 Metro City Bank 143.7
13New City BankChicagoIllinoisMarch 9, 2012None (Closed permanently by the FDIC)71.2
14Covenant Bank & TrustRock SpringGeorgiaMarch 23, 2012Stearns Bank, N.A.95.7
15Premier BankWilmetteIllinoisMarch 23, 2012International Bank of Chicago268.7
16Fidelity BankDearbornMichiganMarch 30, 2012 Huntington National Bank 818.2
17Fort Lee Federal Savings Bank, FSBFort LeeNew JerseyApril 20, 2012Alma Bank51.9
18Bank of the Eastern ShoreCambridgeMarylandApril 27, 2012None (Wound down by FDIC as receiver)166.7
19HarVest Bank of MarylandGaithersburgMarylandApril 27, 2012Sonabank164.3
20Inter Savings Bank, FSBMaple GroveMinnesotaApril 27, 2012Great Southern Bank481.6
21Plantation Federal BankPawleys IslandSouth CarolinaApril 27, 2012First Federal Bank486.4
22Palm Desert National BankPalm DesertCaliforniaApril 27, 2012Pacific Premier125.8
23Security Bank, N.A.North LauderdaleFloridaMay 4, 2012Banesco101.0
24Alabama Trust Bank, N.A.SylacaugaAlabamaMay 18, 2012Southern States Bank51.6
25First Capital BankKingfisherOklahomaJune 8, 2012F & M Bank46.1
26Carolina Federal Savings BankCharlestonSouth CarolinaJune 8, 2012 Bank of North Carolina 54.4
27Farmers and Traders State BankShabbonaIllinoisJune 8, 2012First State Bank43.1
28Waccamaw BankWhitevilleNorth CarolinaJune 8, 2012 First Community Bank 533.1
29Putnam State BankPalatkaFloridaJune 15, 2012Harbor Community Bank169.5
30Security Exchange BankMariettaGeorgiaJune 15, 2012Fidelity Bank151.0
31The Farmers Bank of LynchburgLynchburgTennesseeJune 15, 2012Clayton Bank and Trust163.9
32Montgomery Bank and TrustAileyGeorgiaJuly 6, 2012Ameris173.6
33Glasgow Savings BankGlasgowMissouriJuly 13, 2012Regional Missouri Bank24.8
34Royal Palm Bank of FloridaNaplesFloridaJuly 20, 2012First National Bank of the Gulf Coast87.0
35Georgia Trust BankBufordGeorgiaJuly 20, 2012Community & Southern Bank119.8
36First Cherokee State BankWoodstockGeorgiaJuly 20, 2012Community & Southern Bank222.7
37Heartland BankLeawoodKansasJuly 20, 2012Metcalf Bank110.0
38Second Federal Savings and Loan Association of ChicagoChicagoIllinoisJuly 20, 2012Hinsdale Bank & Trust Company199.1
39Jasper Banking CompanyJasperGeorgiaJuly 27, 2012Stearns Bank, N.A.216.7
40Waukegan Savings BankWaukeganIllinoisAugust 3, 2012First Midwest Bank88.9
41First Community BankBloomingtonMinnesotaSeptember 7, 2012Republic Bank & Trust Company215.9
42Truman BankSt. LouisMissouriSeptember 14, 2012Simmons First National Bank282.3
43First United BankCreteIllinoisSeptember 28, 2012Old Plank Trail Community Bank, National Association328.4
44GulfSouth Private BankDestinFloridaOctober 19, 2012SmartBank159.1
45First East Side Savings BankTamaracFloridaOctober 19, 2012Stearns Bank, N.A.67.2
46Excel BankSedaliaMissouriOctober 19, 2012Simmons First National Bank200.6
47NOVA BankBerwynPennsylvaniaOctober 26, 2012NONE (Permanently closed by the Pennsylvania Department of Banking & Securities)483.0
48Heritage Bank of FloridaLutzFloridaNovember 2, 2012Centennial Bank225.5
49Citizens First National BankPrincetonIllinoisNovember 2, 2012Heartland Bank and Trust Company924.0
50Hometown Community BankBraseltonGeorgiaNovember 16, 2012CertusBank, National Association124.6
51Community Bank of the OzarksSunrise BeachMissouriDecember 14, 2012Bank of Sullivan42.8

2013

Twenty-four banks failed in 2013 [11]

BankCityStateDateAcquired byAssets
 ($mil.)
1Westside Community BankUniversity PlaceWashingtonJanuary 11, 2013Sunwest Bank97.7
21st Regents BankAndoverMinnesotaJanuary 18, 2013First Minnesota Bank50.2
3Covenant BankChicagoIllinoisFebruary 15, 2013Liberty Bank and Trust Company58.4
4Frontier BankLaGrangeGeorgiaMarch 8, 2013HeritageBank of the South258.8
5Gold Canyon BankGold CanyonArizonaApril 5, 2013First Scottsdale Bank, N.A.45.2
6First Federal BankLexingtonKentuckyApril 19, 2013Your Community Bank100.1
7Heritage Bank of North FloridaOrange ParkFloridaApril 19, 2013FirstAtlantic Bank110.9
8Chipola Community BankMariannaFloridaApril 19, 2013First Federal Bank of Florida39.2
9Parkway BankLenoirNorth CarolinaApril 26, 2013 CertusBank, N.A.108.6
10Douglas County BankDouglasvilleGeorgiaApril 26, 2013Hamilton State Bank316.5
11Pisgah Community BankAshevilleNorth CarolinaMay 10, 2013Capital Bank, N.A.21.9
12Sunrise BankValdostaGeorgiaMay 10, 2013Synovus Bank60.8
13Central Arizona BankScottsdaleArizonaMay 14, 2013Western State Bank31.6
14Banks of WisconsinKenoshaWisconsinMay 31, 2013North Shore Bank, FSB134.0
151st Commerce BankNorth Las VegasNevadaJune 6, 2013Plaza Bank20.2
16Mountain National BankSeviervilleTennesseeJune 7, 2013First Tennessee Bank, National Association437.3
17First Community Bank of South FloridaFort MyersFloridaAugust 2, 2013C1 Bank265.7
18Bank of WausauWausauWisconsinAugust 9, 2013Nicolet National Bank43.6
19Community South BankParsonsTennesseeAugust 23, 2013CB&S Bank, Inc.386.9
20Sunrise Bank of ArizonaPhoenixArizonaAugust 23, 2013First Fidelity Bank, National Association202.2
21The Community's BankBridgeportConnecticutSeptember 13, 2013None (insured depositors paid directly)26.3
22First National Bank, also operating as The National Bank of El PasoEdinburgTexasSeptember 13, 2013PlainsCapital Bank3,100
23Bank of Jackson CountyGracevilleFloridaOctober 30, 2013First Federal Bank of Florida25.5
24Texas Community Bank, National AssociationThe WoodlandsTexasDecember 13, 2013Spirit of Texas Bank, SSB180.1

2014

Eighteen banks failed in 2014 [11]

BankCityStateDateAcquired byAssets
 ($mil.)
1Dupage National BankWest ChicagoIllinoisJanuary 17, 2014Republic Bank of Chicago61.7
2The Bank of UnionEl RenoOklahomaJanuary 24, 2014BancFirst331.40
3Syringa BankBoiseIdahoJanuary 31, 2014Sunwest Bank153.40
4Vantage Point BankHorshamPennsylvaniaFebruary 28, 2014First Choice Bank63.5
5Millennium Bank, National AssociationSterlingVirginiaFebruary 28, 2014WashingtonFirst Bank130.3
6Allendale County BankFairfaxSouth CarolinaApril 25, 2014Palmetto State Bank54.5
7AztecAmerica Bank En EspañolBerwynIllinoisMay 16, 2014Republic Bank of Chicago66.3
8Columbia Savings BankCincinnatiOhioMay 23, 2014United Fidelity Bank, fsb36.5
9Slavie Federal Savings BankBel AirMarylandMay 30, 2014Bay Bank, FSB140.1
10Valley BankMolineIllinoisJune 20, 2014Great Southern Bank456.4
11Valley BankFort LauderdaleFloridaJune 20, 2014Landmark Bank, National Association81.8
12The Freedom State BankFreedomOklahomaJune 27, 2014Alva State Bank & Trust Company22.8
13Eastside Commercial BankConyersGeorgiaJuly 18, 2014Community & Southern Bank169.0
14GreenChoice Bank, fsbChicagoIllinoisJuly 25, 2014Providence Bank, LLC72.9
15NBRS FinancialRising SunMarylandOctober 17, 2014Howard Bank188.2
16The National Republic Bank of ChicagoChicagoIllinoisOctober 24, 2014State Bank of Texas954.4
17Frontier Bank, FSB D/B/A El Paseo BankPalm DesertCaliforniaNovember 7, 2014Bank of Southern California, N.A.86.4
18Northern Star BankMankatoMinnesotaDecember 19, 2014BankVista18.2

2015

Eight banks failed in 2015 [11]

BankCityStateDateAcquired byAssets
 ($mil.)
1First National Bank of Crestview Crestview Florida January 16, 2015First NBC Bank79.7
2Highland Community Bank Chicago Illinois January 23, 2015United Fidelity Bank, FSB54.7
3Capitol City Bank and Trust Atlanta Georgia February 13, 2015First-Citizens Bank and Trust Company272.3
4 Doral Bank San Juan Puerto Rico February 27, 2015Banco Popular de Puerto Rico5,900
5Edgebrook BankChicagoIllinoisMay 8, 2015Republic Bank of Chicago90.0
6Premier Bank Denver Colorado July 10, 2015United Fidelity Bank, FSB31.7
7The Bank of Georgia Peachtree City GeorgiaOctober 2, 2015Fidelity Bank294.2
8Hometown National Bank Longview Washington October 2, 2015Twin City Bank4.9

2016

Five banks failed in 2016 [11]

BankCityStateDateAcquired ByAssets ($mil.)
1North Milwaukee State Bank Milwaukee Wisconsin March 11, 2016 First Citizens BancShares 67.1
2Trust Company Bank Memphis Tennessee April 29, 2016The Bank of Fayette County20.7
3First CornerStone King of Prussia Pennsylvania May 6, 2016First Citizens BancShares103.3
4The Woodbury Banking Company Woodbury Georgia August 19, 2016United Bank21.4
5Allied Bank Mulberry Arkansas September 23, 2016Today's Bank66.3

2017

Eight banks failed in 2017 [11]

BankCityStateDateAcquired ByAssets ($mil.)
1Harvest Community Bank Pennsville New Jersey January 13, 2017First Citizens BancShares126.4
2Seaway Bank and Trust Company Chicago Illinois January 27, 2017State Bank of Texas361.2
3Proficio Bank Cottonwood Heights Utah March 3, 2017Cache Valley Bank68.2
4First NBC Bank New Orleans Louisiana April 28, 2017Whitney Bank4,740
5 Guaranty Bank (d/b/a BestBank in Georgia and Michigan) Milwaukee Wisconsin May 5, 2017First-Citizens Bank & Trust Company13,000
6Fayette County Bank St. Elmo IllinoisMay 26, 2017United Fidelity Bank FSB34.4
7The Farmers and Merchants State Bank of Argonia Argonia Kansas October 13, 2017Conway Bank34.2
8Washington Federal Bank for SavingsChicagoIllinoisDecember 15, 2017Royal Savings Bank144

2018

No banks failed in 2018. [11]

2019

Four banks failed in 2019 [11]

BankCityStateDateAcquired ByAssets ($mil.)
1The Enloe State Bank Cooper Texas May 31, 2019Legend Bank, N.A.36.7
2Louisa Community Bank Louisa Kentucky October 25, 2019Kentucky Farmers Bank Corporation29.7
3Resolute BankMaumee Ohio October 25, 2019Buckeye State Bank27.1
4 City National Bank of New Jersey (City National) Newark New Jersey November 1, 2019Industrial Bank120.6

2020

Four banks failed in 2020 [11]

BankCityStateDateAcquired ByAssets ($mil.)
1Ericson State Bank Ericson Nebraska February 14, 2020Farmers and Merchants Bank100.9
2First State Bank of Barboursville Barboursville West Virginia April 3, 2020MVB Bank Inc.152.4
3First City Bank of Florida Fort Walton Beach Florida October 16, 2020United Fidelity Bank, fsb134.7
4Almena State Bank Almena Kansas October 23, 2020 Equity Bank 70

2021

No banks failed in 2021. [11]

2022

No banks failed in 2022. [11]

2023

Five banks failed in 2023. [11] A sixth bank, Silvergate Bank, voluntarily wound down operations and liquidated. [12]

BankCityStateDateAcquired ByAssets ($mil.)
1 Silvergate Bank San DiegoCaliforniaMarch 8, 2023None (Wound down voluntarily) [13] 16,000 [14]
2 Silicon Valley Bank Santa ClaraCaliforniaMarch 10, 2023 First Citizens BancShares 209,000
3 Signature Bank New York CityNew YorkMarch 12, 2023 Flagstar Bank 118,445 [15]
4 First Republic Bank San FranciscoCaliforniaMay 1, 2023 JPMorgan Chase 229,000 [11]
5Heartland Tri-State BankElkhartKansasJuly 28, 2023Dream First Bank, National Association139 [16]
6Citizens BankSac CityIowaNovember 3, 2023Iowa Trust & Savings Bank66 [17]

See also

Related Research Articles

<span class="mw-page-title-main">Federal Deposit Insurance Corporation</span> US government agency providing deposit insurance

The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds".

<span class="mw-page-title-main">Banking in the United States</span> Overview of the U.S. financial system

In the United States, banking had begun by the 1780s, along with the country's founding. It has developed into a highly influential and complex system of banking and financial services. Anchored by New York City and Wall Street, it is centered on various financial services, such as private banking, asset management, and deposit security.

<span class="mw-page-title-main">Bank run</span> Mass withdrawal of money from banks

A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future. In other words, it is when, in a fractional-reserve banking system, numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank may acquire more cash from other banks or from the central bank, or limit the amount of cash customers may withdraw, either by imposing a hard limit or by scheduling quick deliveries of cash, encouraging high-return term deposits to reduce on-demand withdrawals or suspending withdrawals altogether.

<span class="mw-page-title-main">Savings and loan crisis</span> US financial crisis from 1986 to 1995

The savings and loan crisis of the 1980s and 1990s was the failure of 32% of savings and loan associations (S&Ls) in the United States from 1986 to 1995. An S&L or "thrift" is a financial institution that accepts savings deposits and makes mortgage, car and other personal loans to individual members.

A bailout is the provision of financial help to a corporation or country which otherwise would be on the brink of bankruptcy.

Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability.

The Continental Illinois National Bank and Trust Company was at one time the seventh-largest commercial bank in the United States as measured by deposits, with approximately $40 billion in assets. In 1984, Continental Illinois became the largest ever bank failure in U.S. history, when a run on the bank led to its seizure by the Federal Deposit Insurance Corporation (FDIC). Continental Illinois retained this dubious distinction until the failure of Washington Mutual in 2008 during the financial crisis of 2008, which ended up being over seven times larger than the failure of Continental Illinois.

IndyMac, a contraction of Independent National Mortgage Corporation, was an American bank based in California that failed in 2008 and was seized by the United States Federal Deposit Insurance Corporation (FDIC).

<span class="mw-page-title-main">Korea Deposit Insurance Corporation</span>

The Korea Deposit Insurance Corporation (KDIC) is a deposit insurance corporation, established in 1996 in South Korea to protect depositors and maintain the stability of the financial system. The main functions of KDIC are insurance management, risk surveillance, resolution, recovery, and investigation.

<span class="mw-page-title-main">Too big to fail</span> Concept in economics

"Too big to fail" (TBTF) is a theory in banking and finance that asserts that certain corporations, particularly financial institutions, are so large and so interconnected that their failure would be disastrous to the greater economic system, and therefore should be supported by government when they face potential failure. The colloquial term "too big to fail" was popularized by U.S. Congressman Stewart McKinney in a 1984 Congressional hearing, discussing the Federal Deposit Insurance Corporation's intervention with Continental Illinois. The term had previously been used occasionally in the press, and similar thinking had motivated earlier bank bailouts.

Southeast Banking Corporation was a bank holding company based in Miami, Florida. On Friday, September 19, 1991, during the savings and loan crisis, Southeast failed and was seized by the Office of the Comptroller of the Currency. It was placed into the receivership of the Federal Deposit Insurance Corporation (FDIC), who sold almost all of Southeast's assets to First Union. The bank failure is notable since it is one of the first instances of the FDIC liquidating a bank using loss sharing provisions. As a result of several mergers over the next two decades, most of what was once Southeast is now part of Wells Fargo.

<span class="mw-page-title-main">Bank failure</span> Insolvency or illiquidity of a bank

A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities. A bank usually fails economically when the market value of its assets declines to a value that is less than the market value of its liabilities. The insolvent bank either borrows from other solvent banks or sells its assets at a lower price than its market value to generate liquid money to pay its depositors on demand. The inability of the solvent banks to lend liquid money to the insolvent bank creates a bank panic among the depositors as more depositors try to take out cash deposits from the bank. As such, the bank is unable to fulfill the demands of all of its depositors on time. A bank may be taken over by the regulating government agency if its shareholders' equity are below the regulatory minimum.

Silver State Bank was a failed Nevada commercial bank with 17 branches in the Las Vegas and Phoenix metropolitan areas and loan operations across the western United States. The bank's assets were acquired by Zions Bancorporation, a bank holding corporation with $2 billion in assets.

The government interventions during the subprime mortgage crisis were a response to the 2007–2009 subprime mortgage crisis and resulted in a variety of government bailouts that were implemented to stabilize the financial system during late 2007 and early 2008.

A bridge bank is an institution created by a national regulator or central bank to operate a failed bank until a buyer can be found.

A deposit insurance national bank is a temporary bank in the United States that is established by the Federal Deposit Insurance Corporation (FDIC) in the wake of a bank failure under the Banking Acts of 1933 and 1935.

<span class="mw-page-title-main">2023 United States banking crisis</span> Banking crisis beginning in March 2023

Over the course of five days in March 2023, three small-to-mid size U.S. banks failed, triggering a sharp decline in global bank stock prices and swift response by regulators to prevent potential global contagion. Silicon Valley Bank (SVB) failed when a bank run was triggered after it sold its Treasury bond portfolio at a large loss, causing depositor concerns about the bank's liquidity. The bonds had lost significant value as market interest rates rose after the bank had shifted its portfolio to longer-maturity bonds. The bank's clientele was primarily technology companies and wealthy individuals holding large deposits, but balances exceeding $250,000 were not insured by the Federal Deposit Insurance Corporation (FDIC). Silvergate Bank and Signature Bank, both with significant exposure to cryptocurrency, failed in the midst of turbulence in that market.

References

  1. "How to Make This the Last Banking Bailout". The New York Times. New York Times. March 14, 2023.
  2. 1 2 3 4 5 6 7 "Failed Bank List". Federal Deposit Insurance Corporation. Archived from the original on November 15, 2013. Retrieved November 15, 2013.
  3. 1 2 Robertson Jr., Austin G. (August 4, 2008). "Do you know where your bank is?". Shreveport Times. Archived from the original on November 3, 2013. Retrieved August 4, 2008.
  4. "How to Make This the Last Banking Bailout". The New York Times. New York Times. March 14, 2023.
  5. "When a Bank Fails—Facts for Depositors, Creditors, and Borrowers". Federal Deposit Insurance Corporation. Retrieved September 26, 2008.
  6. "FDIC approves $250,000 insurance limit". International Herald Tribune. October 10, 2008. Retrieved October 11, 2008.
  7. Sidel, Robin; David Enrich; Dan Fitzpatrick (September 26, 2008). "WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History". The Wall Street Journal. Retrieved October 7, 2009.
  8. Sorkin, Andrew Ross; Eric Dash (September 25, 2008). "Government Seizes WaMu and Sells Some Assets". The New York Times. Retrieved September 26, 2008.
  9. "JPMorgan Chase Acquires Banking Operations of Washington Mutual" (Press release). Federal Deposit Insurance Corporation. September 25, 2008.
  10. "Former Mastro property in Redmond sells for $3.5 million - Puget Sound Business Journal". Bizjournals.com. May 3, 2013. Retrieved January 19, 2014.
  11. 1 2 3 4 5 6 7 8 9 10 11 12 "Failed Bank List". Federal Deposit Insurance Corporation. Retrieved February 3, 2017.
  12. Sigalos, MacKenzie (March 8, 2023). "Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown". CNBC. Retrieved March 17, 2023.
  13. "Silvergate Capital Corporation Announces Intent to Wind Down Operations and Voluntarily Liquidate Silvergate Bank". ir.silvergate.com.
  14. "Silvergate Capital Total Assets 2019-2022 | SI". macrotrends.net.
  15. "Signature Bank Total Assets 2010-2022 | SBNY". macrotrends.net.
  16. "Dream First Bank, National Association, of Syracuse, Kansas, Assumes All of the Deposits of Heartland Tri-State Bank of Elkhart, Kansas". FDIC.
  17. "Iowa Trust & Savings Bank, Emmetsburg, Iowa, Assumes All of the Deposits of Citizens Bank, Sac City, Iowa". FDIC.